The CardanoDebate is heating up, with Cardano's co-founder Charles Hoskinson at the center of the controversy. Recently, Hoskinson proposed a plan to convert 140 million ADA tokens from the treasury into stablecoins to boost liquidity and solve Cardano's stablecoin shortage. This move aims to address the network's limited stablecoin supply, which has been hindering its DeFi growth.
However, not everyone is on board with Hoskinson's plan. Critics argue that converting such a large amount of ADA could lead to further price drops, exacerbating the current market weakness ¹. Some have suggested alternative solutions, such as minting a crypto-backed stablecoin using ADA and deploying it into liquidity pools alongside ADA on top of Cardano DEXs.
The debate has sparked
